re: So watched CBS and listened to WWL today and heard their take on Hostess.(Posted by BamaDude06 on 11/16/12 at 9:34 pm to Duzz)

quote:It does not say anything about the Union people demanding money. They say that hostess was in trouble a long time ago due to mis-management. Are they afraid of the Unions or just shoddy reporting?

Corporate America does not like unions. Corporate America also owns the major media in America like Fox, CBS, NBC, etc. Draw your own conclusions.

re: So watched CBS and listened to WWL today and heard their take on Hostess.(Posted by VOR on 11/16/12 at 10:02 pm to Duzz)

quote:It does not say anything about the Union people demanding money. They say that hostess was in trouble a long time ago due to mis-management. Are they afraid of the Unions or just shoddy reporting?

Let me get this straight. You have reviewed the financials sufficiently enough to draw the conclusion that Hostess would be successful if not for the unions. Right?

re: So watched CBS and listened to WWL today and heard their take on Hostess.(Posted by Layabout on 11/16/12 at 11:41 pm to Duzz)

quote:Our members know that the plans all along of the Wall Street investors currently in control of this company did not include the operation of Hostess Brands any longer than it takes to sell the company in whole – or in part – in a way that will maximize the profits of these vulture capitalists regardless of the impact on the workforce.

The wholesale bread and cake baking business is unique. The most successful and profitable wholesale baking companies share common attributes, most notably being executive leadership with extensive background in the business and a skilled and dedicated workforce. Hostess Brands and its predecessor companies have had the latter for decades.

Unfortunately however, for the past eight years management of the company has been in the hands of Wall Street investors, “restructuring experts”, third-tier managers from other non-baking food companies and currently a “liquidation specialist”. Six CEO’s in eight years, none of whom with any bread and cake baking industry experience, was the prescription for failure.